France Prepares Second Wave of Stimulus With Nod to Automakers

France is preparing fiscal stimulus focusing on investment and financial aid for industrial sectors including the automotive industry, Finance Minister Bruno Le Maire said, giving the first indication of how the government plans to reboot the economy after the coronavirus crisis, Bloomberg News reported. Like other European countries, France has so far focused the heft of emergency spending on benefits for furloughed workers and a vast loan guarantee program to prevent bankruptcies. But the government is now working on a plan for when the confinements are lifted and businesses reopen. “There will be a necessity for a stimulus plan after the crisis,” Le Maire told a news conference broadcast on social media. “Investment will be the key priority if we want to kick-start our economy and help our economy to recover as quickly as possible.” Read more

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